According to August’s WASDE report, the global production for 2014-15 is projected to reach a record both of Corn (985.39 Mio t) and Soybean (304.69 Mio t).
U.S. Corn production for 2014-15 is forecast at 356.43 Mio t, with a corn yield at a record 167.4 bushels per acre ( = 10.63 tons/hectare); EU Corn production is projected at 67.05 Mio t after abundant rainfall and favorable temperatures during July.
Global Ending Stocks of Corn and Soybean are expected to reach record levels, respectively of 182.82 Mio t and 85.62 Mio t.
Since 2006, the share of Ending Stocks of the United States has decreased (from 30% to 24% for Corn, from 25% to 14% for Soybean), while the share of China has increased (from 34% to 43% for Corn, from 2% to 15% for Soybean), as shown in the following chart:
CLAL.it – Global Ending Stocks
Corn & Soybeans - August 2014: Report about prices, production and global trade prospects for 2014-15 season.
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With a degree in Computer Science with specialization in IT for Management Level, she belongs to the CLAL.it Team. The CLAL.it Team is composed of young people who, with the help of Computer Science, study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the Italian and international market trends.
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